SEE THE SEA(South-EastAsia),
SAIL TO INNOVATION TOGETHER
—30.06.2024
King Sejong and Jang Yeong-sil Prize
WE ARE LOOKING FOR IMPACT STARTUPS IN VIETNAM THAT AIM TO EXTEND THEIR INFLUENCE BEYOND THE COUNTRY, ACHIEVING SIGNIFICANT INNOVATION BY SOLVING EMERGING SOCIAL PROBLEMS THROUGH BUSINESS.
Impact Challenge At SEA is a competition designed to discover and invest in promising impact startups in Vietnam that propose climate solutions or promote the transition towards a digital economy.
Sponsored by
Co-hosts
Challenge Partners
Outreach Partners
THEME
IMPACT STARTSUPS THAT CONTRIBUTE TO:
●Addressing environmental issue
●Enhancing digital access and inclusion to drive social/economic value
GREEN
DIGITAL
Startups with solutions for environmental sustainability
Clean Energy, Resource Management, Sustainable Practices, Environmental Protection, Climate and Biodiversity Conservation, etc.
Startups enhancing digital access and inclusion to drive social/economic value
ELIGIBILITY
Impact startups engaged in environmental or digital technology solutions
● The representative of the company must be a Vietnamese national.
•To receive investment, selected startups must establish a Singapore holding/parent company prior to receiving funding.
•The representative can be either the legal representative, the CEO, or a co-founder.
Awards & Benefits
Details of Benefits will differ according to the selection stage.
• 1st Place: $40,000
• 2nd Place: $15,000
• 3rd - 10th Place: $3,000
• 11th - 20th Place: $1,000
• World Vision Prize: $20,000
• 1 company from the Top 20 will be selected for investment up to $400,000
• Up to $100,000 additional prize
No company will be selected for investment if none of the candidates meet the required criteria
• A comprehensive online course series with 80 lectures dedicated to the growth of impact businesses, integrating social and economic value.
• Personalized mentoring to help startups develop impactful and sustainable business models.
• Workshops and education on measuring and managing impact
• A self-disclosure platform that allows companies to self-assess and report their social impact.
• Opportunities for ESG open innovation through partnerships with large companies in Korea.
• Support for technology transfer from Korean social ventures and the development of joint venture businesses with participants.
• Potential opportunities for follow-up investments in collaboration with global impact investors.
ROUND1
Document Screening
Top20 and Top10 will be selected from all applicants
Top 11-20: $1,000
(10 companies)
ROUND2
IR Pitching
The Top 10 companies from Round 1 will pitch.
* Participation in the pitching day is essential for the selected companies.
3rd - 10th Place: $3,000
(8 companies)
2nd Place: $15,000
(1 company)
1st Place: $40,000
(1 company)
World Vision Prize: $20,000
Multiple awards permitted for companies ranked in the Top 1-20.
Participation in the pitching day is essential for the selected companies.
Final Investment Selection
One company from the Top 20 will be chosen for investment.Investment Package:
• Up to $500,000 in investment & additional prizes
• Impact Measurement Report
2024 TIMELINE
The schedule is subject to change.
About Impact Challenge at SEA(ICAS)
Launched in 2022 by Impact Square, ICAS is a pioneering initiative supporting and investing in promising impact startups across Southeast Asia. Each year, through an open call for proposals, ICAS selects over 20 startups and provides them with investment capital, accelerator programs, and social value measurement to drive their growth and amplify their impact.
ICAS fosters cross-regional collaboration by partnering with agencies, investors, NGOs, and corporations, connecting startups to funding opportunities and key ecosystem stakeholders. Through these efforts, ICAS aims to expand the impact ecosystem and catalyze innovations addressing critical challenges in Southeast Asia.
CO-HOSTS
ADVISOR
Hyunmyung, DHO
(CEO/Founder, IMPACT SQUARE)
Sangmin, HONG
(CEO, NEXTRANS)
Seung-Ho, CHAE
(Director/Partner, NEXTRANS)
Kyungsun, Chung
(Co-Founder & Managing Partner, The Sylvan Group)
Le Ha
(Director, FTU Innovation and Incubation Space)
Truong Thi Nam Thang
(Director, NEU Center for Social Innovation and Entrepreneurship)
Daehyun, KIM
(Partner, THE VENTURES)